Montserrat
Product Exports (2018): $5.72M, Rank 216 of 222
Product Imports (2018): $19.8M, Rank 216 of 221
Service Exports (2013): $13.9M, Rank 181 of 183
Service Imports (2013): $17.7M, Rank 181 of 181
Exports: The top exports of Montserrat are Sand ($1.39M), Barium Sulphate ($647k), Medical Instruments ($562k), Gravel and Crushed Stone ($352k), and Photo Lab Equipment ($300k), exporting mostly to United States ($781k), France ($757k), United Kingdom ($666k), Belgium-Luxembourg ($492k), and Italy ($486k).
Imports: The top imports of Montserrat are Refined Petroleum ($4.54M), Excavation Machinery ($1.6M), Raw Aluminium ($1.18M), Scrap Iron ($981k), and Cars ($733k), importing mostly from United States ($9.19M), Singapore ($2.75M), United Kingdom ($2.19M), Australia ($1.31M), and Egypt ($684k).
Location: Montserrat borders Saint Kitts and Nevis by land and Antigua and Barbuda, France, and Venezuela by sea.
Product Trade
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2018): Sand, $1.39M
Top Destination (2018): United States, $781k
In 2018, Montserrat exported a total of $5.72M, making it the number 216 exporter in the world. During the last five reported years the exports of Montserrat have changed by -$2.29M from $8.01M in 2013 to $5.72M in 2018.
The most recent exports are led by Sand ($1.39M), Barium Sulphate ($647k), Medical Instruments ($562k), Gravel and Crushed Stone ($352k), and Photo Lab Equipment ($300k). The most common destination for the exports of Montserrat are United States ($781k), France ($757k), United Kingdom ($666k), Belgium-Luxembourg ($492k), and Italy ($486k).
Yearly Imports
#permalink to sectionTop Import (2018): Refined Petroleum, $4.54M
Top Origin (2018): United States, $9.19M
In 2018 Montserrat imported $19.8M, making it the number 216 trade destination in the world. During the last five reported years the imports of Montserrat changed by -$37M from $56.8M in 2013 to $19.8M in 2018.
The most recent imports of Montserrat are led by Refined Petroleum ($4.54M), Excavation Machinery ($1.6M), Raw Aluminium ($1.18M), Scrap Iron ($981k), and Cars ($733k). The most common import partners for Montserrat are United States ($9.19M), Singapore ($2.75M), United Kingdom ($2.19M), Australia ($1.31M), and Egypt ($684k).
Market Growth
#permalink to sectionFastest Growing Export Markets (2017 - 2018)
- United Kingdom, $637k (+ 2.23k%)
- United States, $220k (+ 39.1%)
- South Korea, $214k (+ 2.18k%)
Fastest Growing Import Markets (2017 - 2018)
- Singapore, $2.74M (+ 98.2k%)
- United States, $2.64M (+ 40.4%)
- Australia, $1.31M (+ 19.5k%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMontserrat Exports Services (2013): $13.9M
Montserrat Imports Services (2013): $17.7M
In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).
The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).
Forecasts
#permalink to sectionTrade Forecasts
#permalink to sectionThis section shows forecasts for total product exports and imports for Montserrat. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMontserrat has a high level of specialization in Barium Sulphate (2.7k), Sand (2.14k), Quartz (914), Granite (420), and Gravel and Crushed Stone (354). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Montserrat according to the product complexity index (PCI) are Machines nes having individual functions (2), Equipment for photographic laboratories nes (2), Equipment for physical and chemical analysis (1.87), Gaskets and similar joints of metal sheet (1.86), and Polyamides in primary forms (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Montserrat according to the relatedness index, are Non-Knit Women's Coats (0.061), Non-Knit Men's Suits (0.061), Non-Knit Men's Shirts (0.06), Knit Women's Suits (0.059), and Leather Apparel (0.059). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montserrat is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
